XRP - A tail of symmetry and getting rekt
Mis à jour
As humans we Look for similarities and repetition from a young age; it is a natural learning process which enables us develop skill and knowledge.
I have taken this simple rule and cloned the two most common moving averages - 50 and 100. It has enabled me to filter out the noise of the market which makes this current move look similar to the one my RED arrow is pointing too. However using Support and resistance, BTC dominance and this swish MA clone - the current move checks out to be very similar to the opposing purple box. The green line above was my short entry, cause ripple sucks.
I may be wrong, i've never worked on a trading desk and the first time i looked at a chart was in october however something smells like a trap here.
bounce targets on 1,2,3
new cycle / moon december/jan 2018-2019
I have taken this simple rule and cloned the two most common moving averages - 50 and 100. It has enabled me to filter out the noise of the market which makes this current move look similar to the one my RED arrow is pointing too. However using Support and resistance, BTC dominance and this swish MA clone - the current move checks out to be very similar to the opposing purple box. The green line above was my short entry, cause ripple sucks.
I may be wrong, i've never worked on a trading desk and the first time i looked at a chart was in october however something smells like a trap here.
bounce targets on 1,2,3
new cycle / moon december/jan 2018-2019
Note
waiting for a good entry point after Pump - it looks due soonNote
witchcraft from the tacosaurusNote
Ripple looking set to flatline slowly down with the odd bump along the way following inside the moving averages until later in the year when another markup phase will occur, price action isn't anything to phone home about here.Note
Burn it with fireNote
XRP/BTC had a bounce just above the red target line on the chart and is sucking up alot of buy orders but be prepared for a whipsaw
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